FCA updates – October 2021
Topic: Investment Firms Prudential Regime final rules published Date: 22/10/21 Overview: The FCA have today made final rules to streamline and simplify prudential requirements for solo-regulated UK firms authorised under the Markets in Financial Instruments Directive (MiFID). This is part...
FCA enforcement – October 2021
Topic: NatWest Plc pleads guilty in criminal proceedings Subject of Enforcement: Natwest Bank PLC Date of Notice: 07/10/21 Overview: Today, National Westminster Bank Plc (NatWest) entered guilty pleas at Westminster Magistrates’ Court to criminal charges brought by the Financial Conduct Authority...
FCA Guidance on Remote Working
Latest FCA Guidance on Remote or Hybrid Working Expectations for Firms What is the subject of the FCA Guidance and why has it been issued? On the 11th October 2021 the FCA issued guidance on the standards expected of...
FCA enforcement – September 2021
Topic: FCA prohibits IFA and mortgage adviser for fitness and propriety failings Subject of Enforcement: Mr Anthony George Date of Notice: 24th September 2021 Overview: The FCA has prohibited financial advisor Anthony George from performing any regulated activity in the financial...
FCA Updates – September 2021
Topic: FCA to move faster to remove unused firm permissions Date: 9th September 2021 Overview: The FCA has published draft guidance on a new power that allows it to move faster to remove regulatory permissions that are no longer being used by financial services firms. Incorrect or outdated permissions on the Financial Services (FS) Register can mislead consumers about the level...
FCA Updates – August 2021
Topic: FCA stops BDSwiss offering contracts for differences (CFDs) to UK customers. Date: 5th August 2021. Overview: The FCA has acted to stop a Cypriot-based firm, BDSwiss Holding Plc, and other members of the BDSwiss Group from offering high risk...
FCA enforcement – August 2021
Topic: Failure to satisfy the Suitability Threshold Condition Subject of Enforcement: Cavendish Incorporated Limited Date of Notice: 2 August 2021 Overview: Since March 2021, the Authority has received reports from eight consumers claiming to have invested substantial funds in bonds or...